Once the richest person in the world, Microsoft co-founder Bill Gates has dropped out of the list of the world’s top 10 wealthiest individuals. Gates, a fixture among the wealthiest for over two decades, is now ranked 13th according to Forbes’ real-time billionaire list, trailing behind India’s Mukesh Ambani, who holds the 11th spot.
Bill Gates’ Current Net Worth
According to Forbes, Bill Gates’ current net worth is $106.2 billion (approximately ₹89,182 crore), a decrease of $358 million from earlier. Gates’ ranking has steadily declined, although he remains a prominent figure in global philanthropy.
Reason Behind Gates’ Decline in Wealth
The key factor behind Bill Gates’ declining position in the wealth rankings is his 2021 divorce from Melinda French Gates. The settlement, speculated to have tripled from the initial estimates, significantly impacted Gates’ overall fortune. As a result, Melinda French Gates is now among the wealthiest women in the U.S., with a net worth of $29 billion, making her the ninth-richest woman in the country.
Philanthropic Commitments Amid Wealth Decline
Despite the fall in wealth rankings, Gates remains dedicated to his philanthropic initiatives through the Bill & Melinda Gates Foundation, which continues to focus on global health and development. However, questions remain about the future direction of the foundation, given Melinda’s departure from its leadership. Bill Gates has hinted that he may see further declines in his wealth rankings in the future, but assures that the foundation will continue its work for at least another 25 years.
Where Do Mukesh Ambani and Gautam Adani Stand?
Currently, Mukesh Ambani ranks 11th on Forbes’ real-time billionaire list with a net worth of $109.2 billion. Gautam Adani, once ranked among the top wealthiest individuals, is now at 21st place with a net worth of $81.1 billion. Both Indian billionaires have surpassed Gates in recent months.